Sr Surety Underwriter

About the role

UFG is hiring a Senior Surety Underwriter to build and maintain a profitable mix of new and existing surety business.

Responsibilities

• Demonstrate strong analytical skills to evaluate risks for acceptability within higher authority and company underwriting parameters.
• Independently Underwrite more complex submissions.
• Evaluate and assess financial status, credit standing, and organization profile to analyze and determine acceptability of the risk within framework of UFG underwriting policies and procedures.
• Develop and maintain strong relationships with agents/brokers.
• Oversee a book of contract surety business within defined territory.
• Meet production, marketing, and profitability goals and develop marketing plan using the territory management tool.
• Upload and update file information electronically and purge obsolete data per department guidelines.
• Handle all confidential information with discretion.
• Provide high quality customer service in all interactions with internal and external customers.
• Request underwriting information from agencies. Review and process information received.
• Perform annual review of accounts including financial analysis, obtaining current bank line of credit letters, preparing profiles, and recommendation of line of authority.
• Create record of communications concerning activities per department standards.
• Provide training, direction, and assistance to underwriters, associate underwriters, and underwriter trainees.
• Stay current on industry information regarding trends, competition, pertinent laws and legal occurrences, etc., and share the information with the department.

Requirements

• Bachelor’s degree, or combination of education and surety experience.
• Bachelor’s degree in business administration, economics, finance or accounting preferred.
• Certified, or working towards, AFSB designation.
• Must have a valid and current drivers’ license and must have acceptable driving record in accordance with Company practice.

Qualifications

• 5+ years of contract surety underwriting experience.

Skills

• Strong analytical skills.
• Effective communication and relationship-building skills.
• Ability to manage multiple tasks and meet deadlines.
• Proficiency in Microsoft Office applications.

Benefits

UFG Insurance offers a comprehensive total rewards package that includes:

• Annual incentive compensation
• Medical, dental, vision & life insurance
• Accident, critical illness & short-term disability insurance
• Retail plans with employer contributions
• Generous time-off program
• Programs designed to support the employee well-being and financial security.

Pay

The base salary range for this position is $103,222 - $136,105 annually, which represents the typical range for new hires in this role. Individual pay within this range will be determined based on a variety of factors, including relevant experience, education, certifications, skills, internal equity, geography and market data.